5 things to know before the opening of the stock market on Tuesday, April 20

Here are the most important news, trends and analyzes that investors need to start their trading day:

US futures fell on Tuesday as investors take into account quarterly results from four Dow components and look ahead to Netflix earnings after the bell and an Apple-produced event in the afternoon. Apple is expected to unveil new iPads, iMacs, and AirTags tracking devices. Tobacco stocks were under pressure after The Wall Street Journal reported that the White House could order tobacco companies to reduce nicotine levels in all cigarettes.

The Dow Jones industrial average began the week off the record since Friday’s record high. The S&P 500 has also fallen modestly since its previous close. The Nasdaq lost 1% on Monday, after coming shyly to close the technology index’s February record on Friday. The 10-year treasury yield was steady early Tuesday, after ticking over 1.6%. However, it remained below the 14-month high last month.

Dow Johnson & Johnson, Procter & Gamble and Travelers stocks reported results before the bell. IBM, also a Dow stock, issued quarterly profits late Monday.

• J&J exceeded first-quarter revenue and revenue estimates, including $ 100 million in sales of its Covid vaccine, which is pending in the United States as health regulators investigate rare but severe blood clotting problems. Chief Financial Officer Joseph Welk told CNBC on Tuesday that he hopes “the benefit-risk profile will be at stake” for the company’s vaccine. Shares fell in the premarket.
• P&G exceeded revenue and revenue expectations in the third fiscal quarter, as consumers maintained Covid’s buying trends, such as purchasing more cleaning products and starting to buy beauty products again. Shares fell in the premarket.
• Travelers reported better earnings than expected in the first quarter. Revenues practically corresponded to the estimates. The insurance giant has raised its dividend and added $ 5 billion to its redemption program. Shares rose 1% in the premarket.
• IBM posted revenue and revenue in the first quarter that exceeded estimates. The enterprise technology and services provider reported revenue growth after four-quarters of declines. Shares increased by almost 3% in the premarket.

Shares of United Airlines fell 2.5 percent in the premarket on Tuesday morning after the carrier reported a higher-than-expected loss of $ 7.50 per share in the first quarter, the fifth consecutive quarterly loss. Revenue of $ 3.22 billion fell nearly 60 percent from last year and fell below estimates. Higher fuel costs and still diminished demand due to the harmful results of Covid. However, United is only returning to profitability later this year as Covid vaccinations increase and governments relax travel restrictions.

Elon Musk denied that Tesla’s automatic driving systems were involved in a fatal crash in the suburbs of Spring, Texas, Houston on Saturday. The Tesla CEO wrote on Twitter on Monday: “The data logs recovered so far show that the autopilot has not been activated.” Local police said no one was in the driver’s seat when the 2019 Tesla Model S went off the road and burst into flames. The two men in the car died. Two federal agencies, NHTSA and NTSB, are investigating the accident, along with local police. None of them have completed their investigations and the preliminary findings are not conclusive.